The Lambda Alumni Corporation was created in December of 2010 as a 501(c)(7) that is exempt from income taxes, however, contributions to this corporation are not tax deductible for the donor. The Lambda Alumni Corporation is responsible for ownership, repair, and operation of the Chapter House and activities of the Alumni such as Founder’s Day.

The current Board of Directors of the Alumni Corporation consists of 9 alumni and 2 collegiate members, they are: